You'll want to make sure you have the right policy for your home in Ohio. It's important that you find a company offering affordable rates with excellent customer service.
Best Homeowners Insurance Companies In Ohio
You can determine the cost by looking at several factors. This includes the location of your house, its age, condition and the amount of deductible you have chosen. Also, whether or no you opt for coverage against floods, fires or earthquakes. These factors are what can determine whether you get a low home insurance rate or one that's expensive.
Cincinnati Financial provides the cheapest Ohio home insurance, at a price that is typically less than 50% of the state average. It offers an array of different policies that can be tailored to your needs.
Cincinnati Financial's rate is very low for older houses, making it a great option for anyone who wants to protect their house at an affordable cost.
Its average homeowners' insurance cost in Ohio is $529, or $44 per monthly. That's 56% lower than state average. Its customer service is also extremely high-rated, with fewer than half of its customers reporting problems.
MoneyGeek reviews thousands of quotes provided by dozens of insurance companies to determine those that offer the most value. Then, we score each provider according to the affordability of the policies they offer, the level of service provided and the quality of the home insurance quotes.
Columbus has the cheapest average home insurance at $1,050 annually. It is slightly more expensive than the average statewide of $1399, but still considerably cheaper than in other cities.
Bundling the home policy with your auto policy can lower your rates. Many companies will offer a 25% discount or more to customers who bundle two policies.
Furthermore, homeowners who choose to replace their roof can save on home insurance. It's because a brand new roof will have a higher value in case of a claim.
The rule of thumb to follow is to purchase enough home insurance for the cost of replacement of your house. You can then use the extra coverage to cover things not covered by your insurance policy, like wind or flood damage.
A deductible that is relatively low can be a great choice. It's usually cheaper to choose a $500 rather than $2,000 deductible for a homeowner who is low-risk.
The best homeowners insurance is a difficult choice, but with research and some patience, you can find the plan that works for your budget. MoneyGeek allows you to easily compare rates with the leading providers.